Answer the following statements true (T) or false (F)
1. The personal representative’s actual duties are necessarily broad, so they can carry out their duties.
2. Obtaining a taxpayer ID number for an estate is one of the duties of a personal representative.
3. Paralegals are not allowed to assist the personal representative because it is considered giving legal advice.
4. A bond, supplied by the personal representative, is an amount of money used as an insurance policy that if the personal representative breaches their duties, the bond will pay for the damages.
5. In order for the personal representative to be held personally liable for the losses, a breach of duty must be found.
1. True
2. True
3. False
4. True
5. True
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Title insurance provides coverage for loss in value to the real property from a defect in title that comes into existence after the effective date of the policy.
Answer the following statement true (T) or false (F)
A Chapter 7 bankruptcy stays on the debtors credit report for ________ whereas a Chapter 13 bankruptcy mark is removed from a debtor's credit report within ________ from the date of filing
Fill in the blank(s) with correct word
Which of the following is a requirement under the CAN-SPAM Act and the FTC's Compliance Guide for Business?
a. the message must include the sender's valid physical postal address b. the message must contain less than 250 words c. no images can be included in the message d. to opt-out of e-mail solicitation, a company may ask for the recipient's Social Security Number
Compare and contrast the three broad categories of wills
What will be an ideal response?